c.e.o. christian c. ving his wife back in two thousand and twelve was the world's second largest investment bank but since then it slipped all the way down to number eight that's coming after the us banks credit suisse from switzerland and britain's barclays there's been a steep decline in revenue to fall in from over thirty three billion down to twenty six point four billion euros what i know wonder shareholders are up in arms many are directing their anger at supervisory board chief. he's been in the positions in twenty twelve and is accused of steering the bank in the wrong direction but christians even plan to cut jobs isn't saving the bank any money tortures share price for ling on wednesday to its lowest in seventeen months and it's not just the investors who are unhappy. they came to express their contempt for deutsche bank protesters who gathered outside the annual shareholders meeting in front foot to see germany's largest lender as an example of everything that's wrong with the financial world

c.e.o. christian that saving has previously said that the bank is scaling back its presence in the u.s. market and will place more focus on europe the last making than those expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments out of this week for us is our financial correspondent john do alone in frankfurt. while the reporting so far seems to indicate that the cuts will be everywhere and all the regions where deutsche bank operates across all levels of the operation so retail banking investment banking asset man asset management at its subsidiary post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these plans and these targets are the results being presented tomorrow at that shareholders meeting where i will also be monitoring the developments as they unfold. on the stick with banks u.s. president donal

c.e.o. christiane's evening and will mainly hit the investment banking business even tried to reassure shareholders today but if you look at the figures you understand his challenge back in twenty twelve ga was the world's second largest investment bank since then it slipped down to number eight that puts it behind several u.s. banks and credit suisse of switzerland and barclays from bric deutsche as market capitalization that is the value of all the company's shares combined has dropped significantly to from just over thirty billion euros to twenty three point seven billion euros today making shareholders seven billion euros poorer there's been a steep decline in revenue to which has fallen from over thirty three billion euros two thousand and six point four billion no wonder shareholders often arms many other recta their anger this man here supervisory board chairman powell and he's been in the position since twenty twelve and then he did in two accusations he's been steering the bank in the wrong direction but the new man at the helm can't deny his responsibility either christians it is a true c

c.e.o. christiane's even he will be hoping to offer some words of reassurance to the annual shareholders meeting today but after years of losses that might prove quite a challenge because if you look at the figures it's a pretty grim picture back in two thousand and twelve torture was the world's second largest investment bank since then it's slipped down to number eight down here that puts it behind several u.s. banks as well as credit suisse from switzerland and barclays from the u.k. dodge's market capitalization that is the value of all the company's shares combined has dropped significantly to from just over thirty billion to twenty three point seven billion euros they're making shareholders seven billion euros poorer there's been a steep decline in earnings to which of fallen from just over thirty three billion euros to twenty six point four zero want to shareholders are up in arms many other ekta their anger at this man here supervisory board chairman power off light now he's been in the position since twenty twelve leading to accusations he's been steering the bank in the wrong direction

c.e.o. christiane saving is why back in two thousand and twelve ga was the world's second largest investment bank since then it's slipped to number eight most of the big u.s. banks credit suisse from switzerland bok leads from the u.k. which is market capitalization the value of all its shares combined has slumped from about thirty billion back in twenty twelve to just twenty three point seven there's been a steep decline in revenues to falling from over thirty three billion to twenty six point four billion euros it's not one to share holders are up in arms many directing their anger at supervisory board chief paul oxley he's been in the position since twenty twelve and is accused of steering the bank in the wrong direction the other hand has been saving has been adored as since one thousand nine hundred eighty nine starting as an apprentice he's also held senior positions in risk management and the legal division. well as europe's biggest economy doesn't show any need a lender that set up globally and put that to analysts unspeakable calls the term economy needed a big bank we should never

c.e.o. christian saving has previously said the bank is scaling back its present presence in the u.s. market and will place more focus on europe that was making vendors expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments at deutsche this week for us is our financial correspondent john l. de mello on in frankfurt. well the reporting so far seems to indicate that the cuts will be everywhere and all the regions where dortch operates across all levels of the operation so retail banking investment banking assets management at its subsidiary of post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these plans and these targets with the results being presented tomorrow at that shareholders meeting where i will also be monitoring the developments as they unfold. u.s. president donald trump shocked america with

c.e.o. this new boss christians even announced more than seven thousand job cuts primarily in investment banking he says it's inevitable despite implementation cost of eight hundred million euros. the up to. less than current results leave us no other choice not we need to put the foundations in place now to ensure sustainable long term profitability and. one thing that even some affected workers can agree on is the changes needed to deitsch a bank. we need a bank that can compete both nationally and internationally and that's not the case at the moment. costs are simply too high they need to be cut back. deutsche bank's investment division has been sliding down the global rankings not so long ago it aspired to be one of the front runners in the business now it's fallen back to eighth place. savoring says it's time to act and plans to shrink the division your muscles with the shift we need to balance our business better so that our results don't fluctuate as much. this is the only way we'll be able to sustain profitability and build on our strengths after a couple of. after three consecutive yea

c.e.o. for not only embrace the store but this is very near to the political ideas. islam does not belong to germany mr obama say saying the same germany is characterized by christianity quote do you agree it depends on what do you mean by. belonging to german who is not belonged to germany what do you want to express and the second sentence in the party leader also stressed was of course muslims living in germany they are part of channel thank you so much they are german site what why do you want any politician but so you want to express that is to know that the religion their religion know that their religion is not what is. well it has been. our. identity our cultural roots which before look at this is just city look at that it's not that it's i dunno parted land i think you're about we did a very seriously that's lament does not very long to germany he was not saying islam didn't belong he is in the present time in the present time the chancellor to this red tory create tricks. very quickly. she said quote muslims belong to germany that is also what mr z. son craig and their religion islam belongs here just as much unquote who is right amount was a whole i ask ano

c.e.o. christian saving has been useless said that the bank is scaling back its presence in the u.s.market and will place more focus on europe the loss making lenders expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments at this week for us is our financial correspondent gentled him alone in frankfurt.

c.e.o. christian saving has previously said that the bank is scaling back its presence in the u.s.market and will place more focus on europe the last making than those expected to announce the measures ahead of its annual general meeting on thursday.